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The Layer 1 blockchain Harmony, once a major competitor to Ethereum, proposed to shut down its mainnet on Sunday, citing threats from AI entities and nation-state actors as too severe. The Harmony team stated on X that since the mainnet launched in 2019, the community has experienced multiple attacks and transformations, and now it is time to completely discontinue the Harmony network. To mitigate the threats, the team proposed migrating the ONE token to Ethereum and redirecting the issuance of newly minted tokens to its new initiative "The Remix Economy for AI Video."According to the proposal, the migration will determine the allocation of alternative tokens received by each holder on Ethereum based on the ONE balance recorded at the final block of the network (i.e., a snapshot), covering wallets, staked tokens, validator rewards, smart contracts, and centralized exchanges. The alternative tokens will be airdropped to the same wallet address on Ethereum, and exchanges will also migrate to the new tokens. Although the proposal states that holders do not need to submit a claim, multi-signature vaults, liquidity pools, and on-chain applications cannot be migrated, and users are urged to exit all smart contracts by September 10, 2026. Harmony also proposed to pay eligible validators and their delegators in four installments from a pool of $1.372 million, provided that validators maintain their stakes, sign agreements, and serve governance roles.This migration proposal is the latest case of blockchain networks facing increased scrutiny due to attacks. In August of this year, Harmony confirmed it was attacked, with the attackers creating approximately 4 billion unauthorized ONE tokens, prompting the team to release a patch and consider a rollback.

The Ethereum Foundation (EF) stated that the Protocol Cluster has released two new articles that systematically assess the upcoming network upgrade Hegotá. Among them, the "Hegotá EIP Opinion Post and Tier List" evaluates and ranks the currently proposed 62 EIPs, marking the first time the team has published a unified EIP rating list for a major network upgrade.It was reported that approximately 60 researchers, engineers, and domain experts from 9 teams under the Protocol Cluster participated in the review, submitting a total of 397 rating opinions and engaging in live discussions on controversial proposals. The accompanying article outlines the current and future key directions of the Ethereum protocol layer, with one core goal being to promote Ethereum L1's quantum resistance by December 2029.The Ethereum Foundation indicated that the aforementioned upgrade plans, long-term commitments, and shared priorities at the cluster level provide the contextual basis for finalizing the scope of the Hegotá upgrade and the EIP ratings. Additionally, the Protocol Cluster will hold an AMA on September 16 at 14:00 UTC in the r/ethereum community on Reddit to discuss topics such as the Hegotá EIP ratings and key protocol developments.

According to CoinDesk, Ethereum core developers have included EIP-8141 (Frame Transactions) in the 2027 Hegotá upgrade plan. During the core developer call on August 27, the proposal was marked as "Scheduled for Inclusion," meaning it will become part of the network update rather than just a candidate proposal. Ethereum co-founder Vitalik Buterin, one of the ten authors of the proposal, stated on X on Sunday night that Frames have made significant progress in the past few months.Frames aim to address the issue where users hold stablecoins but cannot transfer them due to a lack of ETH. It splits transactions into independent steps such as authorization verification, fee payment, and instruction execution, allowing the sender and payer accounts to no longer have to be the same. For example, payment applications can cover fees themselves or settle ETH bills on behalf of users after collecting stablecoins, while the Ethereum network still prices in ETH, and users do not need to purchase ETH. Unlike existing wallet solutions that rely on third-party services, Frames will achieve this capability through the standard Ethereum transaction process.Additionally, Frames will bundle operations that need to be executed simultaneously, such as authorization and submission in token transactions, with authorization being revoked if the transaction fails; it also allows accounts to customize transaction approval rules, enabling the replacement of private keys or the adoption of quantum-resistant keys without needing to migrate funds to a new address. Currently, the specification is still a draft, and details may be adjusted before the Hegotá upgrade, with users unable to use Frames yet.

Bitmine Chairman Tom Lee recently expressed the view that Ethereum (ETH) is more like "digital land" rather than cash. Lee believes that the core value of quality assets lies in their ability to store value, meaning that investors believe they can effectively hold and allocate capital over the long term.Lee pointed out that stocks can become store of value assets because investors expect companies to manage capital effectively when they buy stocks; real estate, on the other hand, has both store of value and cash flow properties, generating income through rentals. Within this framework, he believes Ethereum is closer to the stock market or land, with its long-term value primarily derived from the network itself as underlying infrastructure.Bitmine has been increasing its holdings for 65 consecutive weeks. As of August 30, 2026, its total Ethereum holdings reached 5,901,112, accounting for approximately 4.9% of the total Ethereum supply.

Li Bit Mining Pool's Jiang Zhuoer stated that due to improved market sentiment, Ethereum has risen close to its previous high, and Bitcoin spot ETF continued to see inflows from September 3 to 4. Previously, it sold 100% of its Bitcoin position at $82,050 and bought back at $79,480, and has now restored its full position in Ethereum spot.

According to SoSoValue data, last week's trading day saw a net inflow of 218 million dollars into Ethereum spot ETFs. The Ethereum spot ETF with the highest net inflow last week was Blackrock ETF ETHA, with a weekly net inflow of 136 million dollars, bringing ETHA's historical total net inflow to 12.87 billion dollars; followed by Blackrock ETF ETHB, with a weekly net inflow of 81.8506 million dollars, currently ETHB's historical total net inflow stands at 775 million dollars.The Ethereum spot ETF with the highest net outflow last week was Grayscale Ethereum Trust ETHE, with a weekly net outflow of 36.9659 million dollars, currently ETHE's historical total net outflow has reached 5.38 billion dollars. As of the time of writing, the total net asset value of Ethereum spot ETFs is 15.57 billion dollars, with an ETF net asset ratio (market value relative to Ethereum's total market value) of 5.2%, and the historical cumulative net inflow has reached 13.19 billion dollars.

According to on-chain analyst Ai Yi's monitoring, two wallets suspected to be related to the Ethena project (0x2993...7383, 0x969f...16aF) have transferred a total of 6.75 million USD worth of ENA to exchanges since September 3, and have deposited 19 million ENA, approximately 3.29 million USD, to Bybit in the past 15 hours.Both addresses received tokens transferred from the Ethena multi-signature address two years ago, and no transfers occurred since then, with recent price increases prompting bulk deposits.

Harmony has released two proposals to comprehensively shut down the mainnet launched in 2019, migrate the native token ONE to Ethereum, and shift towards an AI video "mashup economy" business. The team stated that the threats posed by national-level attackers and AI entities are the reasons for proposing the network shutdown plan.The migration plan proposes to take a snapshot of user wallets, staking delegations, validator rewards, smart contracts, and tokens within centralized exchanges at the last block of the network, airdropping new ONE to the same wallet addresses on Ethereum, with holders not needing to actively claim; delegated stakes and unclaimed rewards will be airdropped to their respective governance vaults. The total supply of ONE and the issuance rate will remain unchanged, with newly issued tokens intended for the new business and feedback from governors being considered.Multi-signature wallets, liquidity pools, and on-chain applications cannot be migrated. The team urges users to exit all smart contracts by September 10, 2026, and plans to publicly disclose token contracts, snapshot calculations, and airdrop scripts for auditing. Validators can stop running nodes starting from September 10 at 22:00 Beijing time. The team plans to compensate for the difference in issuance rewards between node shutdown and the final block of the network, establishing a one-time compensation pool of $1.372 million, to be paid in four quarters to validators and their delegators who timely shut down, sign agreements, retain stakes, and serve as governors of the new project.The new business will open up prompts and materials for users to create secondary content, with AI entities expanding video stories, and will recruit operators responsible for video generation, distribution, and content review. Harmony plans to subsidize GPU hardware in the first year and promote demand for video generation, with operators required to stake tokens to earn rewards based on service online time. The team plans to help operators generate up to $1 million in total revenue in the first year, provided they meet staking and online rate requirements; promoters can initially earn a 30% ongoing commission from each $10 monthly subscription they recommend. Both proposals are non-binding and the plans may still be adjusted.

DeFi researcher Ignas stated that Robinhood previously set a record of over $6 million in daily transaction fees, with about 10% flowing to Arbitrum, while the revenue ultimately distributed to Ethereum L1 was "pitifully small."Ignas believes that this model may not be entirely unacceptable. Just as Uber initially used subsidies to achieve growth, Ethereum might attract traditional financial businesses into its ecosystem through L2 and gradually increase "rent" after a high conversion cost is established in the ecosystem. However, if Ethereum developers can formulate a clear strategy to first attract more L2 and then monetize once the conversion costs are sufficiently high, this could actually become a favorable long-term business model for L1. Yet, there is currently no clear strategy seen in Ethereum's roadmap, and he questioned, "Am I misunderstanding?"

Vitalik Buterin stated that recent discussions around transaction formats, including EIP-8141, the "future state" proposal, UTXO, PBT, key-controlled randomness, and recursive STARK memory pools, have helped the Ethereum community better understand the concepts of "actions" and "dependencies" in transactions. Dependencies can be processed in parallel, and some dependencies that do not require state access can be validated at the memory pool layer, potentially further compressing execution and data costs through STARK.Vitalik believes that Ethereum's future scalability needs to strike a balance between a dynamically flexible execution model and a more easily statically analyzable constrained model, providing lower gas costs for transactions and state access that can be statically analyzed. If EIP-8141 is designed properly, it will not only be a milestone achievement in a decade of account abstraction work but also prepare for decentralized-friendly large-scale scalability in the coming years.

Vitalik posted on the X platform, stating that recent research on transaction formats has led to a clearer understanding of "actions" and "dependencies" in Ethereum transactions, both of which can be optimized separately; signatures, UTXO's Merkle proofs, and ZK-SNARK or STARK belong to dependencies, while the call to send ETH belongs to actions.Dependencies can be processed in parallel, with state-related dependencies handled by the memory pool, while pure dependencies can be processed once at the memory pool layer and may be replaced by STARK proofs, thereby reducing execution and data processing. Vitalik pointed out that Ethereum's current scaling strategy needs to clearly distinguish between dynamic flexibility and static analyzability, with the latter achieving lower Gas costs; based on transaction volume, over 90% of Ethereum activities do not require dynamic flexibility. The EIP-8141 transaction type is developing towards a universal and minimalist call list, with new state types, recursive STARK memory pools, and key-controlled nonces also belonging to this direction.

According to Cointelegraph citing Coinglass data, Ethereum rose by 56.51% in the third quarter of this year, marking the third-best performance in history. There have only been two instances in the past where the increase in the third quarter exceeded this year's.

According to SoSoValue data, on September 4th Eastern Time, the total net inflow of Ethereum spot ETFs was $26.4613 million. The Ethereum spot ETF with the highest net inflow yesterday was Blackrock ETF ETHA, with a net inflow of $57.7915 million. Currently, the historical total net inflow of ETHA has reached $12.873 billion.The second was Blackrock Staked ETH ETF ETHB, with a net inflow of $16.441 million yesterday, and the historical total net inflow of ETHB has reached $775 million. The Ethereum spot ETF with the highest net outflow yesterday was Fidelity ETF FETH, with a net outflow of $48.2993 million, and the historical total net inflow of FETH has reached $2.277 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $15.566 billion, with an ETF net asset ratio (market value as a percentage of total Ethereum market value) of 5.2%, and the historical cumulative net inflow has reached $13.193 billion.

Renowned Ethereum builder and investor Ryan Berckmans posted on X, stating that the idea that Robinhood "gives back very little to ETH" is nonsense. They pay on-chain users and new ETH holders, conduct marketing, attract new enterprise clients envious of Robinhood's success, and help mature L1 hubs radiate to L2. Half of Robinhood's active users come from other places in Ethereum and exert healthy competitive pressure on Base.He mentioned that Ethereum alignment is a real concept, but it is not portrayed as income maximization by Ethereum opponents. Helping to grow Ethereum and ETH is alignment, while threatening Ethereum or ETH is misalignment, such as during Lido's dominance. Robinhood is one of the most Ethereum-aligned entities globally. Buying large amounts of ETH or not selling order fees would be better, but this is just icing on the cake of an already huge pie.We do not rely on Robinhood to buy ETH to win. The next batch of Tom Lee will buy ETH, Wall Street Tom Lee, corporate Tom Lee, government Tom Lee, family office Tom Lee, sovereign wealth Tom Lee will be everywhere. ETH will reach trillions in value storage as Ethereum goes global. The two major indicators measuring the progress of value storage are L1 application capital and the number of sufficiently successful L2s, and Robinhood helps grow the latter. We like Robinhood as it is now.

According to Defillama data, in the past day, on-chain funds have significantly concentrated on the Ethereum mainnet and a few established Layer 1s. Ethereum saw a net inflow of $46.47 million, approximately 4.5 times that of the second place Solana; on the other hand, Robinhood Chain, Arbitrum, Hyperliquid, and others experienced a total net outflow of over $100 million, reflecting a "rebalancing of funds back to Ethereum and withdrawal from Layer 2." Robinhood Chain became the largest net outflow entity of the day.This brokerage Layer 2, which launched in July 2026 and is based on Arbitrum Orbit, has seen high trading volumes in meme and tokenized stocks over the past two months, with on-chain transaction fees at one point surpassing those of Ethereum, Solana, and Base; however, daily bridging funds have now turned into a net outflow. Arbitrum, Base, and Polygon all turned red, with the four major Layer 2s (including Robinhood) experiencing a total net outflow of approximately $69.55 million. The perpetual contract public chain Hyperliquid had a net outflow of $18.34 million, nearly on par with Arbitrum. The new chain for stablecoin settlements is also bleeding: Tether's Plasma saw an outflow of $13.27 million, while Tempo, incubated by Stripe, and Stable from the Tether ecosystem experienced outflows of $3.45 million and $2.99 million, respectively.

The G7 Cybersecurity Working Group stated in its latest report that quantum computing poses security threats to both public and private institutions, as well as economic threats, and relevant organizations should begin migrating to post-quantum cryptography (PQC) immediately. The working group noted that the migration process could take several years, and attackers can currently collect and store encrypted data to decrypt it once sufficiently powerful quantum computers become available.Quantum computing may also break digital signatures, leading to identity theft and exposing businesses and their supply chains. The report did not mention cryptocurrencies, but similar public key cryptography is used for blockchain wallets and transaction authorizations. Currently, quantum computers are unable to break Bitcoin's cryptography, but developers are considering post-quantum solutions such as BIP-360. Ethereum researchers plan to replace several cryptographic components used by accounts, validators, and applications. The Solana Foundation has tested post-quantum signatures on its testnet and launched an optional hash-based vault. The G7 working group also urged governments to support relevant research, public-private collaboration, and national PQC strategies.

According to official news, the permissionless on-chain yield protocol Polaris has completed a $1 million angel round of financing, with participation from institutions such as the Ethereum Foundation, Fusion (under IPOR), Altitude, Liquity, LI.FI, and more than 30 founders and contributors including Daily Gwei founder Anthony Sassano.Polaris's core product is the yield-bearing reserve asset pETH, and it also includes USDp and GOLDp, aiming to provide native yield for any on-chain asset.

According to The Block, APX Lending has launched a five-year revolving credit product backed by Bitcoin and Ethereum, with interest rates starting at 10.49%.The company stated that borrowers can withdraw and repay credit on demand, with no origination fees, early repayment fees, or liquidation fees.